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NEXE Innovations Inc V.NEXE

Alternate Symbol(s):  NEXNF

NEXE Innovations Inc. is a Canada-based company, which operates as a manufacturer of fully compostable materials. The Company is focused on providing compostable material solutions and packaging to the business-to-business (B2B) segment to help businesses achieve their sustainability goals. It designs, manufactures, and commercializes fully compostable materials for everyday consumer product. It has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. The Company's flagship product is its BPI-certified compostable single-serve beverage pods that are compatible with single-serve coffee-format machines (the NEXE Pods). The NEXE pod is compatible with major coffee brewing machines and is manufactured at the Company's vertically integrated facility based in North America. It provides compostable solutions for a variety of uses and products, including tea, yogurt cups, cosmetic, and pharma containers.


TSXV:NEXE - Post by User

Post by Dunworkin2on Apr 08, 2021 8:51pm
188 Views
Post# 32964316

Bought deal increased to $30 m

Bought deal increased to $30 mThis has just gotten more interesting. Only noticed this announcement tonight. I added a bit more yesterday and came into some unexpected cash today so will continue to evaluate as this firms up. GLTA.

Many positives here:
Insiders were buying in the $3 range early March

Their technology is in the right space at the right time. The world economies are looking to green everything and Nexe is ready.

Received a $1 million grant from GoC in January

GoC federal budget coming out end of April - funding will be put into climate and green initiatives.

GoC ending single serving plastic containers Dec 31.

https://www.newswire.ca/news-releases/nexe-innovations-inc-announces-an-increase-to-previously-announced-bought-deal-public-offering-850822258.html
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